Recent Updates — GLDG
GoldMining Inc. reported a consolidated net loss of $30.7 million, or $0.13 per share, for the nine months ended August 31, 2026, compared to a net loss of $4.4 million in the prior-year period. The widening loss was primarily driven by a surge in exploration expenses to $16.1 million from $5.3 million, largely due to increased drilling and field activities at the Whistler Project via subsidiary U.S. GoldMining and the São Jorge Project in Brazil. Operating losses reached $30.0 million as share-based compensation also rose to $4.0 million. The company maintains a cash position of $16.7 million and holds significant long-term investments valued at $99.3 million. GoldMining Inc. is a mineral exploration company focused on acquiring and developing gold assets in the Americas.
GoldMining Inc. has appointed Alexandre Soares Pimenta as Project Director to lead the advancement of its 100%-owned São Jorge Gold Project in Brazil. Mr. Pimenta, who brings over 25 years of experience in mining and engineering from roles at ORE Investments and Gerdau, will oversee pre-feasibility activities and an upcoming infill diamond core drilling program designed to improve the definition of the deposit. These initiatives aim to support further evaluation and development planning beyond the preliminary economic assessment released earlier this year. GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold assets in the Americas.
GoldMining Inc. announced initial assay results from its 2026 diamond core drilling program at the 100% owned Yarumalito Project in Colombia. Drill hole YAR-45 intercepted 399.9 metres of continuous gold-copper porphyry-style mineralization starting from surface, grading 0.45 grams per tonne gold equivalent (AuEq). The results validate the P-1 host unit geological model and confirm wide intervals remain open along strike and at depth. Assays for three additional holes are pending. GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold assets in the Americas.
GoldMining Inc. filed a NI 43-101 Technical Report and Preliminary Economic Assessment (PEA) for its São Jorge Gold Project in Brazil, which models an after-tax net present value (NPV 5%) of $532 million and an after-IRR of 42.4% based on a $3,500/oz gold price. The project envisages a 10.6-year life of mine with annual gold production averaging 51,250 oz and an estimated initial capital requirement of $202 million. GoldMining Inc. is a mineral exploration company focused on acquiring and developing gold assets in the Americas.